Bury St Edmunds falls victim to price slide

Bury St Edmunds market has become the latest victim of the slump in livestock prices.

The Suffolk mart, where stock is sold on Mondays and Wednesday, will close its doors on Dec 16. This very sad decision has been taken, say auctioneers Lacy Scott and Knight, because its continued operation could not be justified.

The BSE crisis, the disastrous slump in pig and sheep prices and the move towards direct selling have resulted in a dramataic decline in income – this year alone, commissions have fallen by over 50%.

Weekly car sales and poultry auctions will continue and the other areas of Lacy Scott and Knights business remain unaffected.